Risk management

XBRL – asking the wrong question

August 18, 2010 Innovation
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Mark Lee has a post about XBRL where he says: Clients will only agree to paying additional fees if they perceive that additional work is being done and that this benefits them in some way. Tagging company accounts for the taxman, using iXBRL tags, is going to be obligatory from 2011. It seems that plenty [...]

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Change our mode of thinking

July 26, 2010 Tax and Ethics

It seems there’s a theme running here at the moment. Change. Whatever that might mean. The above video which features prof David Harvey, a radical sociologist, is something I came across as a result of sifting through some of Richard Murphy’s recent posts. As he says – this is taking a Marxian approach – anathema [...]

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How much more can we tolerate?

April 13, 2010 Tax and Ethics

When I started AccMan, one of the things I wanted to write about was professional ethics. In the meantime, other voices have emerged that know far more about the topic than I will ever likely know. One of those is Francine McKenna with whom I’ve had a long, helpful and educating relationship. A couple of [...]

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For once I agree with Sir Mike Rake

October 2, 2008 General

It is a rare event indeed but for once I agree with Sir Mike Rake, BT chairman. Rake was the past CEO of KPMG and the man who had to go begging to the SEC not to kill off the firm following the tax fraud scandals in which it was heavily involved. AccountancyAge says: Speaking [...]

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What can you trust?

September 29, 2008 General

While I have been fairly strident about the problems attached to the US financial markets and in particular the role of the audit crews, it turns out that one of the main problems was much simpler. According to the New York Times: The people who ran the financial firms chose to program their risk-management systems [...]

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